ECCB 2022-2023 Annual Report and Financial Statements

Eastern Caribbean Central Bank Annual Report 2022 - 2023

Specifically, the Bank will be exploring options for continued technical assistance to: 1. Review the existing legislative framework for virtual asset business in the ECCU; 2. Draft amendments to existing legislation; 3. Engage with national supervisors and prepare guidance manuals, policies and procedures on the operationalisation of the virtual asset business legislation in the ECCU; 4. Draft regulations and guidelines for licensees; 5. Prepare templates for periodic reporting; 6. Provide advice on model structures and an optimal institutional framework for the regulation and supervision of virtual assets business in the ECCU; and 7. Support the continued training initiatives for supervisors on the regulation and supervision of virtual assets business. Following completion of the policy documents, the legislation will be drafted for submission to member countries.

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